The dollar jumped yesterday on the back of rising rates as if despite the two dovish dissents by governors, yesterday’s FOMC meeting was a hawkish hold. It seemed to us that Fed Chair Powell referred...
The dollar’s latest leg down began with the President Trump’s heightened attacks on the Federal Reserve’s conduct of US monetary policy on June 23. That move may be over. Perhaps helped by stronger than expected...
The US dollar has steadied today after yesterday’s shellacking that saw it fall to new multiyear lows against the euro and sterling and 10-year lows against the Swiss franc. The news stream is somewhat more...
The US dollar is trading quietly in a mixed fashion, mostly confined to the ranges seen at the end of last week. This could prove to be a pivotal week. The weakness in the US...
With Japanese markets closed for a national holiday, the dollar was offered in early turnover today, and its recent losses were initially extended against several currency pairs. However, it recovered and early losses were pared...
After rallying last week, the US dollar pulled back today, though is mostly consolidating within the range set last Thursday and Friday. The Japanese yen is the exception among the G10 currencies and is heavier...
As some market pundits were debating about a possible grand deal between the US and China. In exchange for a lighter tariff regime, Beijing would accept yuan appreciation. As far-fetched as such scenario may be,...
Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the...
The dollar continues to ride high. It is up 0.20%-0.50% today against the G10 currencies. Most pairs have extended last week’s moves. The Dollar Index, which was near 100 in late September is approaching 106.00....
A nervous calm hangs over the markets as the US goes to the polls. The proximity of the presidential contest warns that the results may not been known as soon as people hope. Indeed, many...
The week is winding down and the US dollar is mostly consolidating against the G10 currencies. Two exceptions stand out. First, sterling is the only G10 currency higher on the day. It follows the BOE’s...
The calls earlier this week for an emergency rate cut seemed to be a call for the Fed put, which, we argue is misunderstood. It is not about the stock market per se but financial...
